EURUSD Thesis
- Weekly: Last weeks candle closed as a huge bearish candle closing below 1.1050 psychological zone. New lows were formed at 1.0985.
- Daily: After expansion to the downside creating new lows price has now retraced up to 1.1050 for a retest after break below. Could now see a sell off to next target 1.0930.
- 1hr: Could sell now but prefer one more test of the 1hr launch pad then look for a sell off to 1.0930.
Trade active
Trade closed manually
Exiting for now because of NFP. Will look to enter next week if opportunity presents itselfTrade active
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.